1840 N Clark St | Chicago, IL 60614
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- LoopNet Team
1840 N Clark St
Chicago, IL 60614
Chicago Public Schools · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Early pre-k childhood education center 100% net leased to Chicago’s Board of Education (S&P: BB+/Stable)
- Located two miles north of Chicago’s Central Business District
- Free education in one of Chicago’s most affluent neighborhoods - the average household income is nearly $180,000 within a 1-mile radius
- Prominent urban infill position adjacent to Lincoln Park - the second-most-visited city park in America behind Central Park
- 150 students enrolled for 2023-2024 school year (384% increase compared to the first year’s enrollment); projected enrollment of 250 students for 2024
- +/- 9 years of base term remaining with 2.00% annual rent increases during the base term and renewal options
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
20,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Tenancy
Single
Building Height
3 Stories
Building FAR
0.54
Lot Size
0.86 AC
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